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| Benjamin Square, a 60-unit affordable housing community in Eaton, CO |
DENVER, CO – JLL Capital Markets has arranged $5.8 million in financing for Benjamin Square, a 60-unit affordable housing community in Eaton, Colorado.
JLL
represented the borrower, Brikwell, to secure the fixed-rate senior loan
through Freddie Mac Multifamily. 
Brock Yaffe
JLL and Freddie Mac were able to craft a
structure that provided the borrower time to renew and extend the Project-Based
Section 8 HAP contract prior to acquisition and loan closing, preserving
affordability at Benjamin Square for 20 years.
The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.
Benjamin
Square consists of 10 single-story buildings that are 100% Section 8 /
affordable housing. The property was completed in 1979 and 1980 and offers all
one-bedroom units. Community amenities include a laundry room, community lounge
and a covered gazebo/picnic area.
Located
at 55 Juniper Ave., Benjamin Square is close to downtown Greeley, Colorado, and
about an hour north of Downtown Denver. 
Tony Nargi.
The 2.86-acre site is adjacent to Eaton Elementary School, Middle School and High School is a primarily residential area of the community.
JLL’s
Debt Advisory team representing the borrower was led by Managing Directors Brock
Yaffe and Tony Nargi.
For more news, videos and research resources on JLL, please visit our newsroom.
.
Contact:
Kristen Murphy
JLL Director
Public Relations
Phone: +1
617 543 4873
Email: Kristen.Murphy@jll.com
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